• Technical BUY on breakout with +33.9% potential return
• Last price: RM0.305
• Target price: RM0.39, RM0.415
• Support: RM0.245
• Stop-loss: RM0.24

BUY on breakout with a target price of RM0.415 and stop-loss at RM0.24 Yesterday, the stock closed above the BBI line to keep the bullish momentum towards the previous high of RM0.395. This is supported by the MACD’s bullish crossover and is consistent with the uptick in the RSI, which suggests stronger buying momentum ahead. We peg our target prices at RM0.39 and RM0.415 once the stock breaks above the breakout level of RM0.31 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 19 Jul 2017